Terpel Prepares Domestic Issuance

Colombian fuel company Terpel could look to issue COP700bn ($397m) in Colombia’s local bond market, according to regulatory documents. It is in the process of registering bonds with a maturity between 18 months and 20 years. Further details are not yet available, and the company was not immediately available to comment. Separately, Terpel’s sale of Chilean assets to Quinenco has been approved by Chile’s Supreme Court. The country’s antitrust court had previously stepped in to block the $320m sale, agreed in September 2011 of Terpel Chile assets to Quinenco.